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Krystal Kyle & Friends

Episode 282: Garrison Lovely

Krystal Kyle & Friends

Krystal

News, Politics

4.51.6K Ratings

🗓️ 13 June 2026

⏱️ 61 minutes

🧾️ Download transcript

Summary

We chat with journalist Garrison Lovely about the SpaceX IPO and Elon’s new coup as the world’s first trillionaire.

Transcript

Click on a timestamp to play from that location

0:00.0

Welcome everybody to Crystal Kylanne.

0:09.2

Today we're talking to journalist Garrison Lovely.

0:12.4

He's the author of this book,

0:13.9

Obsolete, The AI Industries Trillion Dollar Race to replace us and how to stop it.

0:18.9

Thanks, Garrison, for joining us.

0:19.9

We appreciate it.

0:21.1

Thanks for having me.

0:22.6

So wanted to start with some imminent breaking news, which is SpaceX is about to go public.

0:30.0

The valuation, according to a lot of experts, seems to be insane, but I want to get your

0:34.4

take on that.

0:35.4

And it's going to not only turn Elon Musk into a

0:39.0

trillionaire, it's also going to mint 4,400 new millionaires who are employees at SpaceX. So I wonder

0:47.3

what you make of the IPO its significance and whether you agree that the valuation seems to be

0:52.5

way out of whack with the level of revenue that they're

0:54.9

generating at this point.

0:56.8

Yeah, I mean, their prospectus has like these insane total addressable markets of like

1:01.1

many trillions of dollars for all of space and like these huge, huge numbers.

1:06.5

I mean, SpaceX has a pretty compelling business.

1:09.8

I mean, you talked about it with the best sign, but the Starlink product in particular is, like, actually an impressive thing.

1:16.8

Its AI offering has not been as impressive, and their employees have left a lot of the co-founders are gone.

1:25.4

Yeah.

1:25.6

I mean, Graf kind of sucks compared to some of the, like, open AI and, uh, anthropics. And it used to be better. It's gotten worse, actually, I would say, personally. Yeah. Yeah. I mean, I use it to search tweets and it like is not very good at that. It's like what is your purpose? There was a period where it seemed like XAI was able to quickly close the gap by using

...

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